Blog post: When Facts Change, Change the Pact

“When facts change, I change my mind,” John Maynard Keynes famously said. With long-term interest rates currently near zero, the European Union should reform its fiscal framework to allow member states to increase their debt-financed public investments. Jean Pisani-Ferry reflects on the reform of the European Union’s Stability and Growth Pact in his latest column […]

Policy paper: Can economic multilateralism survive?

Professor Jean Pisani-Ferry published a new policy paper in the Policy Paper Series of the Robert Schuman Centre for Advanced Studies (2019/14). Economic multilateralism briefly flourished in the 1990s in the aftermath of the collapse of the Soviet Union and of the opening up of the Chinese economy. Attempts were made towards completing the institutional […]

Blog post: Europe and the New Imperialism

For decades, Europe has served as a steward of the post-war liberal order, ensuring that economic rules are enforced and that national ambitions are subordinated to shared goals within multilateral bodies. But with the United States and China increasingly mixing economics with nationalist foreign-policy agendas, Europe will have to adapt. Jean Pisani-Ferry reflects on this […]

Seminar on the Governance of Global Tax Coordination in Paris 18-19 February 2019

“Europeans want to tax Google in Europe, but they don’t want China to tax Louis Vuitton in China.” On 18-19 February 2019, the OECD in Paris hosted the seminar ‘Taxation Governance in Global Markets: Challenges, Risks and Opportunities’. Taxation remains a core national prerogative, but international capital flows and global value chains have only increased […]

Concluded recently: ‘The history of governance of trade and international finance’

The seminar ‘The history of governance of trade and international finance’ was held at the European University Institute in Florence on 14 November 2018. This seminar discussed the history of the architecture of economic challenges, starting from the changes in the 1970s that challenged the balance of the postwar international system and focusing on the important […]

New blog post: Report on USA mission

George Papaconstantinou and Jean Pisani-Ferry visited New York and Washington DC during the week starting 17th September, to present and discuss the Transformation of Global Governance project of the European University Institute with policy-makers, think tanks and academics. Read the summary of the main takes from the visit.